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Speaking at AUC on the global economic crisis and its aftermath, winner of Nobel Prize in economics 2001 Joseph Stiglitz argued that for a learning society to develop, states must be able to fulfill five critical criteria: emphasize the importance of education, demonstrate openness to new ideas, allow competition, promote industrial policies such as a stable and fair exchange rate, and create an innovation system. "Where there are good policies and a comprehensive agenda required, this will make for a more interesting and dynamic society and economy," said Stiglitz, Columbia University professor and best-selling author.

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